Oil and Gas - BR Research - Business Recorder

Oil and Gas

POL sales: no turnaround in sight

The sales of petroleum products by the oil marketing segment saw some respite in November 2019 as the official data show

Published 05 Dec, 2019 05:59am

Oil and Gas

Banking on petroleum taxes

Petroleum prices have not made headlines this fiscal year. A few paisas here and a few there has been the trend so far,

Published 04 Dec, 2019 07:19am

Oil and Gas

E&P sector’s real challenge

The oil and gas sector’s financial performance for 1QFY20 was nothing close to what is called sanguine for the sector; e

Updated 19 Nov, 2019 06:04am

Oil and Gas

Pressure on Opec – oil bears stay

Last Friday capped a couple of very happening weeks for the international oil market. After the much-talked about Opec W

Updated 18 Nov, 2019 06:08am

Oil and Gas

Saudi Aramco IPO – a tough sell?

Finally, after years of delay, the most sought after IPO is back on the stage and the Crown Prince is all set to give ou

Updated 13 Nov, 2019 12:01pm

Oil and Gas

OMC sales - recovery on the cards?

Petroleum consumption in the country has cratered in the last year or so, and the reasons have been talked of many times

Updated 11 Nov, 2019 11:56am

Oil and Gas

Oil prices: Not going north soon

The Saudi-Iran-Yemen tensions seem to have failed to be able to create a permanent risk premium to international crude o

Updated 06 Nov, 2019 05:55am

Oil and Gas

PSO – recouping quickly?

Pakistan State Oil (PSX: PSO) has been seen regaining its market share in recent months in not only its retail volumes b

Updated 31 Oct, 2019 08:25am

Oil and Gas

PPL – stable earnigns in 1QFY20

Significant currency depreciation in FY19 lifted the oil and gas exploration and production sector’s earnings in that ye

Updated 31 Oct, 2019 07:01am

Oil and Gas

BYCO back to profits

Byco Petroleum Pakistan Limited (PSX: BYCO) had a rough FY19 where its earnings turned negative, hampered largely by the

Updated 30 Oct, 2019 06:01am

Oil and Gas

OGDCL : a slow start to FY20

After a good earning’s growth in FY19 primarily due to currency depreciation and as well uptick in realized oil prices –

Updated 29 Oct, 2019 06:39am

Oil and Gas

Shell Pakistan –of better quarter and improved hopes

1HCY19 financial performance of Shell Pakistan Limited (PSX: SHEL) pointed towards a loss ridden CY19 - maybe worse than

Updated 24 Oct, 2019 06:07am

Oil and Gas

PRL in 1QFY20

After posting a staggering decline in earnings for FY19 (loss after tax: Rs5.8billion) Pakistan Refinery Limited's (PSX:

Updated 23 Oct, 2019 01:03pm

Oil and Gas

Attock’s refineries: a turnaround really around the corner?

FY19 wreaked havoc on the downstream oil and gas sector, especially the refining segment where the listed refineries sho

Updated 21 Oct, 2019 06:26am

Oil and Gas

POL: a dull start to FY20

It might be too early to predict any slowdown in the petroleum exploration and production (E&P) sector performance i

Updated 17 Oct, 2019 07:27am

Oil and Gas

APL: hurt by price and volumes

Starting afresh after a weak show in FY19 has not been possible for Attock Petroleum Limited (PSX:APL). The oil marketin

Updated 17 Oct, 2019 07:25am

Oil and Gas

Pakistan Petroleum Limited

Pakistan Petroleum Limited (PSX: PPL) is a key supplier of natural gas in the country. The company is engaged in con

Updated 09 Oct, 2019 07:15am

Oil and Gas

OMC sales 1QFY20: more of the same

product sales by the oil marketing companies recovered slightly in September 2019 on a month-on-month basis primarily b

Updated 23 Oct, 2019 01:45pm

Oil and Gas

Petroleum revenues in sight

It was surprising in the first place to see Ogra having recommended a cut in petroleum prices for October 2019. The gove

Updated 23 Oct, 2019 01:41pm

Oil and Gas

FY19 – a bad year for Byco

From high to low, Byco Petroleum Pakistan Limited has seen its financial performance deteriorate in recent times. Improv

Updated 30 Sep, 2019 06:18am

Oil and Gas

PPLFY19 – devaluation lifts earnings

Pakistan Petroleum Limited (PSX: PPL) announced a 35 percent year-on-year increase in unconsolidated bottom-line for FY1

Updated 27 Sep, 2019 06:09am

Oil and Gas

OGDC standing firm in a choppy environment

Whenever the currency depreciates, there are some sectors that get a lift in their earnings. One such sector is the oil

Updated 19 Sep, 2019 06:04am

Oil and Gas

Oil prices: premium is a given

Oil market needed nothing short of a jolt to get out of the bear spell that was fast becoming the new normal. It instead

Updated 17 Sep, 2019 06:38am

Oil and Gas

GIDC: The legal battle

The Honourable Supreme Court of Pakistan (SC) will take up as many as 107 pending petitions regarding the infamous Gas I

Published 16 Sep, 2019 06:42am

Oil and Gas

Bearish sentiments rule oil

Oil prices having touched a month high are back under pressure. This time around, it is the US EIA’s short term energy o

Updated 12 Sep, 2019 05:55am

Oil and Gas

Low HSD demand dents petroleum revenues

The GST collection on HSD sales in FY19 at Rs129.9 billion was the lowest in six years. That on petrol was the highest e

Updated 04 Sep, 2019 05:04am

Oil and Gas

Petroleum sales: slump continues

The ongoing crash in petroleum product sales is only prolonging. The overall volumetric sales by the sector have seen a

Updated 04 Sep, 2019 06:41am

Oil and Gas

Shell Pakistan in 1HCY19

Shell Pakistan Limited (PSX: SHEL) announced its financial performance for the first half of 2019 earlier last week with

Published 26 Aug, 2019 06:41am

Oil and Gas

Headwinds for the E&P sector?

FY19 has turned out a better year for the oil and gas exploration and production companies not only because of higher cr

Published 21 Aug, 2019 05:44am

Oil and Gas

Gas sector: planning all over the place

The energy sector complexities in contracts and its mismanagement are cascading not only across the energy chain, but co

Published 20 Aug, 2019 05:58am

Oil and Gas

Oil price: bears in for a long haul

These are uncertain times for global commodity markets. And the first casualty of uncertainty before any commodity is oi

Published 19 Aug, 2019 06:00am

Oil and Gas

Attock’s refineries injured and bleeding

Refineries are facing tough times – in terms of profitability as well as their inadequate refining capacity the up grada

Published 16 Aug, 2019 06:10am

Oil and Gas

Petroleum sales wearing off

Petroleum sales have picked up month-on-month - starting FY20 on a better note for the oil marketing companies. But this

Published 07 Aug, 2019 06:38am

Oil and Gas

Energy mess to get messier

When a mistake repeats too many times, the authorities should be held responsible. There is another energy sector crisis

Published 06 Aug, 2019 05:47am

Oil and Gas

MARI in FY19

Where the oil marketing companies were expected to be bruised this result season, the oil and gas exploration and produc

Published 06 Aug, 2019 05:27am

Oil and Gas

Petroleum: all-time highs (and lows)

“Sales tax measures are mostly focused…. enhancing the sales tax of petroleum products,” read the Letter of Intent to th

Published 02 Aug, 2019 06:34am

Oil and Gas

APL – down on inventory and exhange losses

With falling crude oil prices and domestic currency nosediving, the downstream oil marketing sector has been hit with a

Updated 02 Aug, 2019 08:49am

Oil and Gas

OMG! Look at those OMOs

One of the IMF’s quantitative targets is a ceiling on government borrowing from the central bank. The objective is to av

Published 31 Jul, 2019 06:35am

Oil and Gas

POL sturdy in FY19

FY19 has been outlined as a better year for the oil and gas exploration and production companies not only because of hig

Published 31 Jul, 2019 06:21am

Oil and Gas

Doing away with deemed duty

The oil refineries in the country can be pressed for even tougher times in FY20. The government seems to be planning to

Updated 30 Jul, 2019 08:41am

Oil and Gas

Education: two truths and one lie

Here are three facts, spot the lie. One, nearly 23 million children between the ages of 5-16 do not go to school in Paki

Updated 30 Jul, 2019 09:52am

Oil and Gas

SNGPL in 9MFY19

After the much delayed announcement of FY18 financial performance that came from the delayed determination of final reve

Published 26 Jul, 2019 06:45am

Oil and Gas

Gloom for the downstream oil and gas

The listed oil marketing companies and refineries have their board meetings lined up and they will soon be announcing th

Published 25 Jul, 2019 06:38am

Oil and Gas

LNG management

We have more gas in the system than we need. No, you didn’t read it wrong. As a first in a long time, the country’s gas

Published 24 Jul, 2019 06:49am

Oil and Gas

High oil supply outweigh disruptions

Many expected crude oil prices to rally north after the most recent tensions at the Strait of Hormuz as Iran seized a Br

Published 24 Jul, 2019 06:43am

Oil and Gas

Petroleum taxes to go high

The IMF country report on Pakistan is here. So now we know where we are headed, or have promised to be headed, for the L

Published 10 Jul, 2019 06:17am

Oil and Gas

Retail fuels losing steam

It actually is a down cycle in the oil marketing sector as after furnace oil, retail fuels have also lost the force with

Published 10 Jul, 2019 05:58am

Oil and Gas

Petroleum pricing could be simpler

Petroleum pricing is simple business. It has been made so tricky by those at the helm, that it gets people scratching th

Published 09 Jul, 2019 05:18am

Oil and Gas

Will the gas price impact be treated right?

The gas price revision in the midst of World Cup fever and the last minute amnesty filings did not exactly go unnoticed.

Published 05 Jul, 2019 06:03am

Oil and Gas

Nothing igniting oil price rally

The much awaited decision in the global crude oil market has been made. OPEC+ needs oil prices propped up; The OPEC and

Published 05 Jul, 2019 05:47am

Oil and Gas

Petroleum sales FY19: cratering

FY18 saw furnace oil sales plummeting as the government took the decision to phase out fuel oil based power plants; high

Published 03 Jul, 2019 06:15am

Oil and Gas

Ogra’s gas “bomb”

The government may notify revised consumer gas prices later today, having received the ECC nod last week. Don’t be surpr

Published 01 Jul, 2019 06:46am

Oil and Gas

RLNG- more reliance means more imports

RLNG based power generation is quickly taking up furnace oil’s place in not only diversifying the energy mix but by also

Published 27 Jun, 2019 06:41am

Oil and Gas

Crude oil sent roaring

Sentiments and forecasts change overnight for crude oil; prices have been on a roller coaster ride lately as bulls and b

Published 25 Jun, 2019 05:51am

Oil and Gas

Oil sales – not so robust anymore

Petroleum sales: Furnace oil is fast being replaced by other fuels like LNG, coal and others; so has been the petroleum

Published 17 Jun, 2019 06:31am

Oil and Gas

Budget and the downstream oil and gas sector

Federal Budget 2019-20 announced yesterday turned out to be a tougher one in general driven largely by removal of many e

Published 12 Jun, 2019 05:55am

Oil and Gas

Oil prices toppling?

A brutal May and a weak start of June is what summarizes oil prices recently. Their fickle nature is not unknown; yet th

Published 10 Jun, 2019 07:42am

Oil and Gas

Gas prices: U-turn calling

Gas price revision come FY20 is going to be one big challenge. This should not have been the case. Nearly 37 percent of

Published 31 May, 2019 08:38am

Oil and Gas

Gas prices – CPI perspective

Ogra is no stranger to dropping “bombs”. No least when it comes to media reporting, month after month, when the petroleu

Published 29 May, 2019 04:48am

Oil and Gas

Porous borders and HSD

Retail fuel boom seems over as the key fuels like petrol and diesel started consolidating with not only the rising price

Published 27 May, 2019 04:55am

Oil and Gas

Petroleum taxes: taxing times ahead

Another round of petrol price increase is just around the corner. The dollar has gone dearer by the day, and the price i

Published 24 May, 2019 06:18am

Oil and Gas

One step forward and two steps back

That is how things are turning out under the PTI’s government. Attracting (undue) attention is the idea floated by Dr. A

Published 23 May, 2019 05:44am

Oil and Gas

Oil price – as jittery as it gets

As surprising at it may sound, the drone attacks on Saudi Arabia’s two oil pumping stations following the attack on Saud

Published 17 May, 2019 04:56am

Oil and Gas

E&Ps - production running dry?

While the local E&P companies might be seen to boast increased drilling and exploration activity, the ongoing fiscal

Published 15 May, 2019 06:28am

Oil and Gas

SNGPL – of UFG and differential margin

As always, the country’s largest state-owned gas company, SNGPL only recently announced its financial performance for FY

Published 09 May, 2019 03:52am

Oil and Gas

OMC sales – same old story

The 10MFY19 petroleum sales story is nothing to write home about as evident from the continued focus on RLNG and coal in

Published 07 May, 2019 05:21am

Oil and Gas

Power discos: The bleeding goes on

The energy prices hikes that have been shelved for years are now ought to be adjusted under the IMF - the Fund wants to

Published 06 May, 2019 06:56am

Oil and Gas

Petroleum prices: taking the easier route

A seven percent month-on-month petrol price increase last month was widely termed a ‘petrol bomb’. Signing on Ogra’s rec

Published 03 May, 2019 06:40am

Oil and Gas

PPL remains robust

Higher crude oil prices and Rupee depreciation have been the key drivers for earnings accretion in the oil and gas E&amp

Published 03 May, 2019 06:32am

Oil and Gas

HASCOL – back in the groove?

An 8 percent year-on-year decline in earnings for 1QCY19 by Hascol Petroleum Limited (PSX: HASCOL) doesn’t look flatteri

Published 03 May, 2019 06:20am

Oil and Gas

OGDC remains robust

The domestic oil and gas E&P sector’s financials have been benefiting from not only the higher crude oil prices, but

Published 29 Apr, 2019 06:34am

Oil and Gas

SHELL – marred by inventory losses

Shell Pakistan Limited (PSX: SHEL) announced its financial performance for the first quarter of 2019 earlier this week w

Published 26 Apr, 2019 05:58am

Oil and Gas

PSO: earnings continue to slide

Pakistan State Oil (PSX:PSO) announced its financial performance for 9MFY19 earlier this week, which was not very differ

Published 24 Apr, 2019 06:37am

Oil and Gas

Oil battle heats up

Having gained 30 percent since the start of the year, international crude oil prices showed the first signs of weakening

Published 17 Apr, 2019 06:30am

Oil and Gas

Attock’s refineries — losses worsening

The refining segment is beleaguered as the oil and gas sector keeps moving away from furnace oil – once a key fuel in th

Published 17 Apr, 2019 06:26am

Oil and Gas

POL’s earnings up on oil and currency depreciation

The oil and gas exploration and production sector has benefited largely from the massive currency depreciation and the c

Published 16 Apr, 2019 06:43am

Oil and Gas

APL in 9MFY19

The oil marketing segment in the country has been in difficult times recently. Besides the phasing out of furnace oil, d

Published 15 Apr, 2019 06:49am

Oil and Gas

Don’t fix prices – but don’t do business too

Fixing prices should not be the government’s job. The government’s decision in principle to let the energy pricing be do

Published 05 Apr, 2019 06:34am

Oil and Gas

Petroleum sales under duress

Dwindling volumes have been seen in the petroleum sector in the recent past. Furnace oil particularly has been facing th

Published 03 Apr, 2019 06:44am

Oil and Gas

Petroleum prices: It is the dollar!

If the Prime Minister and Asad Umar could unsay one of many statements they would want to, the criticism on petroleum pr

Updated 02 Apr, 2019 07:38am

Oil and Gas

LNG: Qatar deal isn’t all that bad

The Qatar Pakistan LNG deal is once again under scrutiny. The pattern usually follows the announcement of tender commerc

Published 01 Apr, 2019 05:43am

Oil and Gas

Oil prices choppy

Last time this space talked of the crude oil prices, there was tussle going on between the bulls and the bears. Higher d

Published 29 Mar, 2019 05:42am

Oil and Gas

Oil imports set to rise?

Is it ok to start thinking lower petroleum import bill in the country? Maybe not. Improving current account deficit, loc

Published 20 Mar, 2019 05:17am

Oil and Gas

Reviving investment in the E&P sector

While the domestic oil and gas exploration and production companies have kept themselves busy in the drilling and explor

Published 15 Mar, 2019 06:22am

Oil and Gas

Energy pricing: the elephant in the room

The Finance and energy ministries ought to have the realization that without fixing energy prices the circular debt issu

Updated 15 Mar, 2019 06:36am

Oil and Gas

Gas prices: another revision on the cards?

Gas bills were always slated to be on the higher side after the government had announced an increase ranging from 10 per

Published 13 Mar, 2019 06:30am

Oil and Gas

LNG growth and the environment

Where the domestic energy mix is increasingly tilting towards Liquefied Natural Gas(LNG), the demand for the fuel global

Published 13 Mar, 2019 06:05am

Oil and Gas

Higher oil – higher petroleum products prices

The crude oil prices have generally been on an upswing in the last couple of months, though the prices are still lower t

Published 12 Mar, 2019 04:54am

Oil and Gas

Mitsubishi LNG terminal: make it easy

Pakistan’s natural gas shortfall sits around 1.5-2 billion cubic feet per day (bcfd). When viewed in terms of unconstrai

Published 11 Mar, 2019 06:59am

Oil and Gas

Shell Pakistan - not a good end to CY18

Currency depreciation has wreaked havoc on Shell Pakistan’s financial performance in the last two years. The oil marketi

Published 11 Mar, 2019 06:37am

Oil and Gas

Opening up RLNG imports

When the government increases its footprint in areas better left to the private sector, problems arise. The power sector

Updated 08 Mar, 2019 06:13am

Oil and Gas

Petroleum sales returning to normality

Though there were no imports, a surge was seen in furnace oil sales last month (January 2019) amid increased consumption

Published 06 Mar, 2019 06:20am

Oil and Gas

Catching up just in time?

The phase-out plan of furnace oil stands as a big challenge for the downstream oil and gas refining sector that has been

Published 05 Mar, 2019 06:02am

Oil and Gas

PPL sturdy in 1HFY19

Pakistan Petroleum Limited is the last listed E&P Company that announced its financial performance for 1HFY19 last w

Published 04 Mar, 2019 05:24am

Oil and Gas

MARI – growth momentum continues

Like the rest of the E&P players, Mari Petroleum Company Limited (PSX: MARI) enjoyed currency depreciation and highe

Published 01 Mar, 2019 05:58am

Oil and Gas

OGDC earnings — Currency depreciation and oil prices

The Oil and Gas Development Company‘s (PSX: OGDCL) revenues grew by 32 percent year-on-year in 1HFY19, but the increase

Updated 27 Feb, 2019 07:15am

Oil and Gas

PSO’s dismal performance

Pakistan State Oil (PSX: PSO) announced its financial result for 1HFY19 yesterday, depicting a slide of around 50 percen

Published 19 Feb, 2019 04:53am

Oil and Gas

Provincial petroleum consumption

Up until FY17, petroleum consumption in the country was up and growing; oil sales by the oil marketing companies showed

Published 18 Feb, 2019 06:07am

Oil and Gas

Gas crisis in Sindh

A gas crisis in Punjab in winters doesn’t sound unfamiliar; a gas crisis in Sindh and parts of Balochistan does, especia

Updated 12 Feb, 2019 07:58am

Oil and Gas

Goodbye volumetric growth

2019 began on a weaker note for the petroleum products as the volumetric sales continued their slow pace. Overall petrol

Published 08 Feb, 2019 06:24am

Oil and Gas

PRL – receding earnings

Pakistan Refinery Limited’s (PSX: PRL) announced its seriously bruised financial performance for the first six months of

Published 07 Feb, 2019 06:51am

Oil and Gas

APL – gaining market share

It hasn’t been a smooth ride for the oil marketing companies in 1HFY19. Petroleum product volumes are on a down cycle, a

Published 28 Jan, 2019 06:16am

Oil and Gas

Luck’s on POL’s side

Pakistan Oilfields Limited (PSX: POL) came through as the only company of the Attock group, celebrating the 1HFY19 finan

Published 24 Jan, 2019 07:07am

Oil and Gas

Attock’s refineries bleeding

Attock’s refineries posted 1HFY19 financial performance recently, which has been disappointing. Attock Refinery Limited

Published 23 Jan, 2019 06:50am

Oil and Gas

“Oil’s well” that ends well

Any chance of foreign investment in the country is a blessing when the external sector woes continue to mount – and that

Published 17 Jan, 2019 06:37am

Oil and Gas

Economy or environment?

With increasing reliance on coal, Pakistan finds itself stuck in what has been decades long debate: the tradeoff between

Published 10 Jan, 2019 06:16am

Oil and Gas

The petroleum tax question

There are talks of another mini budget somewhere later this month. A lot of it is to do with the FBR lagging behind the

Updated 07 Jan, 2019 06:44am

Oil and Gas

Gas load-shedding inevitable

The energy crisis in Pakistan remains far from over. Even during winters when power demand is relatively lower, outages

Published 03 Jan, 2019 06:17am

Oil and Gas

Oil prices – what does 2019 offer?

2018 was a rollercoaster ride for crude oil prices. The oil market reportedly experienced its worst annual loss since 20

Published 02 Jan, 2019 05:10am

Oil and Gas

Gas pricing: Hedging the way out

Lady luck seems to be siding with Naya Pakistan as oil prices have come down to $50 per barrel, and the twin deficit wor

Published 27 Dec, 2018 06:39am

Oil and Gas

FO saga: the beginning of the domino effect?

Shifting away from furnace oil has been a good decision, but its execution has been anything but satisfactory. The probl

Published 14 Dec, 2018 07:13am

Oil and Gas

Oil sales on a down cycle

Petroleum product sales by the oil marketing companies have fallen by 32 percent year-on-year in November 2018, and the

Published 06 Dec, 2018 05:52am

Oil and Gas

Oil starting to correct

The markets are so desperate for deals – that they took two half baked, tentative, unofficial sidelines talks for deals,

Published 06 Dec, 2018 05:49am

Oil and Gas

LNG pricing in limelight once again

LNG in Pakistan has gotten a lot of flak for higher pricing, and for the kind of contracts inked with the exporters. Whi

Published 29 Nov, 2018 05:35am

Oil and Gas

Crude oil: keep it pumping

The oil market is arguably the most capricious market in the world where the market forces are not the only driving forc

Published 23 Nov, 2018 05:53am

Oil and Gas

Managing manganese

After being under immense criticism for lower quality, the petroleum sector was able to upgrade petrol to a higher octan

Published 14 Nov, 2018 06:30am

Oil and Gas

Tax loss on petroleum

The FBR’s tax collection has reportedly fallen short by Rs100 billion from the target in the first four months of FY19.

Published 12 Nov, 2018 06:22am

Oil and Gas

No end to furnace oil love affair

Pakistan imported 146K tons of furnace oil (FO) last month, while the FO consumption is declining and the CPPA forecaste

Published 09 Nov, 2018 06:07am

Oil and Gas

PPL in 1QFY19

Being responsible for 22 percent of the country’s gas production, Pakistan Petroleum Limited (PSX: PPL) has been aggress

Published 01 Nov, 2018 06:17am

Oil and Gas

PSO remains afloat

Pakistan State Oil (PSX: PSO) announced its first financial result for FY19, showing a 17 percent year-on-year decline i

Updated 30 Oct, 2018 06:16am

Oil and Gas

Earnings soar for OGDC

While production volumes were down for Oil and Gas Development Company Limited (PSX: OGDCL) in FY18 on a year-on-year ba

Published 29 Oct, 2018 06:33am

Oil and Gas

Shell Pakistan aiming to rise up

Profits fell and market share dwindled for Shell Pakistan in CY17. A look at CY17 financial performance shows that the m

Published 25 Oct, 2018 06:23am

Oil and Gas

KAPCO 1QFY19: growth in receivables

Kot Addu Power Company Limited (PSX: KAPCO) released its 1QFY19 result yesterday which saw the company’s profit increase

Published 24 Oct, 2018 06:07am

Oil and Gas

Mari buoyant in 1QFY19

FY18 was a prolific year for Mari Petroleum Company Limited as the company witnessed highest ever production rates and p

Published 19 Oct, 2018 06:09am

Oil and Gas

Pakistan Oilfields Limited 9MFY18

Pakistan Oilfields Limited (PSX: POL) saw a meagre increase in its bottom-line in 9MFY18. According to the quarterly per

Published 17 Oct, 2018 05:57am

Oil and Gas

Gas or grid power to the exporters?

The government, especially finance minister, has to be smart in allocating scarce fiscal and energy resources. The need

Published 16 Oct, 2018 06:18am

Oil and Gas

LPG – a rising reality

The lesser talked fuel LPG – Liquefied Petroleum Gas – has a much larger consumer base and is gradually becoming a popul

Published 12 Oct, 2018 07:21am

Oil and Gas

Bulls dominate crude oil

Crude oil has rallied 30 percent in the last five months. Having moved to a four-year high last week, speculations were

Published 12 Oct, 2018 07:09am

Oil and Gas

Saudi refinery at Gwadar – pros and cons

The new government is always in a hurry to announce key developments - even before the final confirmation. It just so ha

Published 10 Oct, 2018 07:04am

Oil and Gas

Oil and exports: not really a silver lining

Of the many problems facing Pakistan economy today, the ever growing trade deficit is one that haunts the policymakers t

Published 08 Oct, 2018 07:23am

Oil and Gas

E&P sector in FY18

The oil and gas exploration and production sector in the country has been facing a lull in terms of foreign investment.

Published 04 Oct, 2018 06:28am

Oil and Gas

What’s up with diesel?

While diesel consumption in the country has continuously increased year after years since FY13 (see illustration), recen

Published 02 Oct, 2018 06:57am

Oil and Gas

Petroleum sales softening

There is a visible slowing down trend in the consumption of key petroleum products. Volumetric sales by the oil marketin

Updated 01 Oct, 2018 08:21am

Oil and Gas

Gas price: the much needed bitter pill

So the postponement of gas price revision lasted no more than a week. Or so one hopes, provided the ECC recommendations

Published 18 Sep, 2018 06:33am

Oil and Gas

Gas price: another chance goes begging

As if the shambles of the Economic Advisory Council (EAC) were not enough, the PTI government added another unwanted fea

Published 12 Sep, 2018 06:48am

Oil and Gas

Gas price: rationale over populism

There are times when a government has to or rather should rely on economic rationale to make decisions rather than appea

Published 11 Sep, 2018 07:25am

Oil and Gas

Oil prices: Bulls are back

Oil prices have long stayed range bound, but all that may soon change, as the signs of restricted supply become ever so

Published 11 Sep, 2018 07:22am

Oil and Gas

Petroleum sales at multi-year low

Pakistan’s electricity generation fuel mix is on the mend with every passing month, and that is showing its impact on th

Published 05 Sep, 2018 06:57am

Oil and Gas

Strong payout by PSO

Pakistan State Oil (PSO) threw a positive surprise last week, as it announced higher than expected payout, with its annu

Published 16 Aug, 2018 06:10am

Oil and Gas

FO sales go down, MS holds up

Pakistan’s rapidly improving power generation fuel mix is having a good impact on petroleum consumption mix. In July 201

Published 08 Aug, 2018 05:33am

Oil and Gas

Price fixing and judiciary

The honourable Supreme Court has lately been active to bring justice. One of the strongest political figure was convicte

Published 11 Jul, 2018 06:38am

Oil and Gas

Petroleum sales remain strong

From the lows of 0.24 million tons of furnace oil (FO) sales in February 2018, to the highs of 0.86 million tons in May

Published 04 Jul, 2018 07:06am

Oil and Gas

Time to be a maverick?

As an oil producing country, Iran enjoys a significant trade surplus which peaked at over $81 billion in 2012 and was le

Published 04 Jul, 2018 06:58am

Oil and Gas

Petrol price is not unfair

Petrol prices have nearly hit the century and the electronic media and political parties have “rejected” the increase. U

Published 03 Jul, 2018 07:06am

Oil and Gas

Oil prices stay bullish

It is hard to recall an OPEC meeting that proved to be more uneventful than the latest one. Under usual circumstances, a

Published 02 Jul, 2018 06:23am

Oil and Gas

Step up the gas (price) now

The Oil and gas Regulatory Authority (OGRA) has announced determinations for both the gas distribution companies, SNGPL

Published 27 Jun, 2018 06:50am

Oil and Gas

RLNG terminals galore

The pace of setting up R-LNG terminals has intensified with yet another one to be constructed at Sonmiani by the Bahria

Published 20 Jun, 2018 06:34am

Oil and Gas

OMCs — Not all good

Quite discretely, the last government (PML-N) jacked up margins on petrol and diesel but left the price hike to the care

Published 19 Jun, 2018 06:31am

Oil and Gas

All eyes on OPEC – again

Vienna is expected to be the focus next week, as the buzz around the much anticipated Opec meeting gets louder. The US P

Published 14 Jun, 2018 06:06am

Oil and Gas

Sluggish refining capacity

The significant rise in petroleum consumption in the last few years has not been complimented with growth in the local r

Published 08 Jun, 2018 07:31am

Oil and Gas

LNG prices witness up-tick

Demand and supply dynamics in energy markets do not take long to readjust and this is just what’s happened in the Asian

Published 08 Jun, 2018 07:29am

Oil and Gas

Furnace oil back with a bang

Yes, its back; and BR Research has been highlighting that it will be back soon in its last couple of petroleum sales upd

Published 07 Jun, 2018 05:41am

Oil and Gas

Oil prices – fickle as always

Just a few days ago, perception was rife that the two - Saudi Arabia and Russia - would not show signs of loosening amid

Published 05 Jun, 2018 05:20am

Oil and Gas

Moving into deep waters

While the foreign investment side has remained slow for the oil and gas exploration and production sector in Pakistan (A

Published 01 Jun, 2018 05:59am

Oil and Gas

Oil risks to petroleum imports

Oil is heating up. So are Pakistan imports. But the bad news is that oil may just be warming up for a big rally, which s

Published 23 May, 2018 06:16am

Oil and Gas

E&P sector in recent times

Oil prices continue to rally on strict compliance to OPEC and non-OPEC production cuts; and now the recent hike in oil p

Published 18 May, 2018 06:42am

Oil and Gas

RLNG a drain on the power sector?

Misgovernance! Not that the power sector already had enough of it, the issue keeps popping its ugly head from every nook

Published 11 May, 2018 06:11am

Oil and Gas

Iran sanctions and oil price

Saudi Arabia was targeting crude oil priced at $88/bbl by the end of 2018 to fetch good rates for its Aramco deal. As go

Published 10 May, 2018 06:22am

Oil and Gas

Hascol goes aggressive on retail

To begin with, strong international backing from Vitol has helped Hascol Petroleum Limited (PSX: HASCOL) in boosting its

Published 08 May, 2018 06:01am

Oil and Gas

Petroleum sales under pressure?

A look at the monthly sales by the OMCs show that furnace oil volumes have been the lowest in at least the last six year

Published 04 May, 2018 07:14am

Oil and Gas

Saudi Arabia looks at $88/bbl

Oil glut officially ended earlier last month. The much talked rebalancing of the international oil market has been achie

Published 04 May, 2018 07:12am

Oil and Gas

OGDC stable in 9MFY18

Stable might sound boring, but there wasn’t much excitement in Oil and Gas Development Company’s (PSX: OGDCL) financial

Published 03 May, 2018 07:29am

Oil and Gas

Petroleum levy: dream on

Brace yourself for a petrol bomb. Actually don’t. Not because it is not promised in the federal budget, but only because

Published 30 Apr, 2018 06:20am

Oil and Gas

PPL hearty in 9MFY18

FY18 will surely be a better year for Pakistan Petroleum Limited (PSX: PPL) as the E&P giant continued its profitabi

Published 25 Apr, 2018 05:57am

Oil and Gas

PSO reports strong quarter

Pakistan State Oil (PSO) announced its 9MFY18 financial results on Monday, showing a 7 percent year-on-year decline in a

Published 25 Apr, 2018 05:56am

Oil and Gas

Pakistan Oilfields Limited 9MFY18

Pakistan Oilfields Limited (PSX: POL) saw a meagre increase in its bottom-line in 9MFY18. According to the quarterly per

Published 19 Apr, 2018 05:41am

Oil and Gas

APL - up on retail and lubricants

The changing dynamics of the oil industry from volatility in global crude oil prices to changing fuel mix and demand at

Published 17 Apr, 2018 06:28am

Oil and Gas

Oil rallies to three-year high

From a 14-month low to a 40-month high in just under three months. That is oil for you. Oil has swiftly moved north from

Published 13 Apr, 2018 06:12am

Oil and Gas

Furnace oil coming back

While furnace oil might have been planned to be phased out in the long term, the imports might not stay out of the syste

Published 10 Apr, 2018 05:41am

Oil and Gas

RLNG market's new player

With the changing energy mix in favour of natural gas, especially when it comes to the power sector, demand for the non-

Published 20 Mar, 2018 06:23am

Oil and Gas

Oil faces Opec split

Oil market rebalancing still seems far away, after false hopes of strong rebound. Brent on Monday, lost 3 percent, wipin

Published 14 Mar, 2018 05:18am

Oil and Gas

E&P sector foreign investment – lukewarm

While the national giants in the oil and gas E&P sector in the country have been jacking up their drilling efforts,

Published 13 Mar, 2018 05:30am

Oil and Gas

Petroleum sales consolidating

The sales of petroleum products by the oil marketing companies have nothing new going; the trend of falling furnace oil

Published 07 Mar, 2018 06:26am

Oil and Gas

BYCO revving up

Improvement in earnings has been seen for Byco Petroleum Pakistan Limited since FY15, with FY17 a year where the firm’s

Published 02 Mar, 2018 05:40am

Oil and Gas

PPL upbeat on oil and Sui

Pakistan Petroleum Limited (PSX: PPL) is among the optimistic ones; amid the looming uncertainty that the E&P sector

Published 01 Mar, 2018 06:56am

Oil and Gas

SNGPL differential rises

Pakistan’s largest state-owned gas company SNGPL sold more gas and earned more profits in the 1HFY18 over the same perio

Published 01 Mar, 2018 06:55am

Oil and Gas

PSO in 1HFY18

Pakistan State Oil (PSX: PSO) announced its 1HFY18 financial performance last week amid the concerns of the currency dev

Published 26 Feb, 2018 06:54am

Automobile

Indus Motors revving up

The second largest automotive assembler in the country, Indus Motors (PSX: INDU) saw a 23 percent growth to its top-line

Published 26 Feb, 2018 06:53am

Oil and Gas

OGDCL: up and optimistic

Oil and Gas Development Company’s (PSX: OGDCL) profits have been up by 22 percent in 1HFY18 and not surprisingly as a re

Published 21 Feb, 2018 06:05am

Oil and Gas

E&P sector’s policy issue

It is interesting how the oil and gas exploration and production companies are most likely to suffer despite higher oil

Published 12 Feb, 2018 08:17am

Oil and Gas

Oil remains resilient

Brent having touched $70/bbl late last month, has lost 4 percent in a week. The recent slide has coincided with stabilit

Updated 08 Feb, 2018 08:51am

Oil and Gas

OMC sales: end of an era?

As the summers get closer, this time every year – at least for the past decade - analysts had been talking about the scr

Published 07 Feb, 2018 06:31am

Oil and Gas

PRL’s challenges

Pakistan Refinery Limited’s (PSX: PRL) came out of the negative earnings phase in FY16, and the right issue in FY15 and

Published 02 Feb, 2018 07:42am

Oil and Gas

Byco on the growth trajectory

Since FY15, Byco Petroleum Pakistan Limited (PSX: BYCO) has been seen improving profitability amid rising petroleum volu

Published 31 Jan, 2018 07:12am

Oil and Gas

APL in 1HFY18

Attock Petroleum Limited (PSX: APL) announced its earnings for 1HFY18 last week, and the earnings for the third largest

Published 30 Jan, 2018 06:44am

Oil and Gas

POL - news prospects from Jhandial

Rise in oil prices are a big factor in reisntating the oil and gas exploration and production sector's profitability; th

Published 25 Jan, 2018 05:43am

Oil and Gas

NRL and ATRL in 1HFY18

Attock Oil Group’s refineries had a good time in FY17 in terms of commencement of long awaited projects. While National

Published 24 Jan, 2018 06:06am

Oil and Gas

LNG: long-term is not all bad

As oil hovers around $70/bbl, the oft crucified LNG supply state deal with Qatar has started making more sense. Much was

Published 19 Jan, 2018 09:17am

Oil and Gas

Lagging behind in a tech world

The World Economic Forum has ranked Pakistan way down on the global manufacturing index, which measures the countries in

Published 19 Jan, 2018 09:13am

Oil and Gas

Mari deal: timing seems right

The proposed privatization plan of the ailing PIA has made rounds ever since the minister in-charge Daniyal Aziz unveile

Published 18 Jan, 2018 09:55am

Oil and Gas

Reluctance to part with GIDC

With the rising demand for gas, the government has finally decided to approve financing for the third RLNG pipeline. Sin

Published 17 Jan, 2018 06:12am

Oil and Gas

Oil market: discipline, demand and disruptions

It looks so yesterday when oil prices were tipped to go as low as $20/bbl – and not by nobodies, but by the likes of the

Updated 16 Jan, 2018 07:03am

Oil and Gas

Unutilised R-LNG generation

Haste makes waste. The present government has lent quite some credence to the age-old proverb in its different initiativ

Published 09 Jan, 2018 06:46am

Oil and Gas

Petroleum sales in 2017

Much has been talked about the cut in furnace oil consumption in the country recently. Furnace oil based power plants we

Published 05 Jan, 2018 07:41am

Oil and Gas

The E&P sector in 2018

The global crude oil prices have increased and to the misery of the consumers, that’s the first thing the oil and gas ex

Published 04 Jan, 2018 06:35am

Oil and Gas

Oil close to finding equilibrium

There is never a dull moment at the international oil market. The black gold, at the New Year saw its highest opening fo

Published 03 Jan, 2018 07:09am

Oil and Gas

Petroleum prices

The petroleum product prices have proved to be the first casualty of the rupee depreciation. The 5.2 percent increase in

Published 02 Jan, 2018 08:32am

Oil and Gas

Gas shortages and additions

Low pressure and gas load shedding has been part of the winter season in Pakistan for years now. The complaints have bee

Published 27 Dec, 2017 07:44am

Oil and Gas

Power sector: contrary ambitions

The Cabinet Committee on Energy (CCoE) has certainly been busy lately under the leadership of PM Shahid Khaqan Abbasi. I

Updated 19 Dec, 2017 12:11pm

Oil and Gas

Furnace oil dragging petroleum sales

What has happened to furnace oil lately is evident in OMCs recent monthly sales. Shutting down of furnace oil based plan

Published 19 Dec, 2017 07:34am

Oil and Gas

LNG long term price

Rarely has a state-to-state deal received as much criticism as the one on the long term LNG deal did. While there may be

Updated 19 Dec, 2017 07:46am

Oil and Gas

Sinking Venezuela to lift oil price

Opec’s November end meeting turned out to be a dampener of sorts for those looking for news. The official comment on the

Published 11 Dec, 2017 07:47am

Oil and Gas

New energy: gains and pains

Pakistan is adding around 21000MW between FY17-22; and all the additions are in better fuel options than existing heavy

Updated 30 Nov, 2017 08:15am

Oil and Gas

Shifting fuel mix

Some key developments are changing how the power sector looks like. These developments are largely to do with altering t

Updated 30 Nov, 2017 06:30am

Oil and Gas

Dumping furnace oil

The energy management of the incumbents is principally right; but there is something missing in the short to medium term

Updated 28 Nov, 2017 12:05pm

Oil and Gas

Curtailing furnace oil

Last time the column talked about the downstream refinery sector when the government’s shut down of furnace oil based po

Published 24 Nov, 2017 07:30am

Oil and Gas

Improving lube dynamics?

Amid rising petroleum sales, an evident trend has been the increase in retail fuel segment by the oil marketing companie

Updated 20 Nov, 2017 02:15pm

Oil and Gas

Refineries howling on furnace oil high

On one hand, the Prime Minister Shahid Khaqan Abbasi is promising more oil refineries to be set up to meet the growing e

Published 17 Nov, 2017 07:12am

Oil and Gas

Is this the new normal for oil?

The international oil market is buzzing again with all sorts of predictions. As always, there are takers for both bears

Published 16 Nov, 2017 09:24am

Oil and Gas

Punjab – guzzler of petroleum products

Demand for petroleum products has gone through the roof in the last three to four years in the country and a number of f

Updated 09 Nov, 2017 08:02am

Oil and Gas

Crude oil prices and Saudi Arabia

The oil industry has started to think of what was unthinkable only a few days ago: the high chances of crude oil to sett

Published 08 Nov, 2017 06:16am

Oil and Gas

Super-sensitive power sector

Pakistan was supposed to have surplus power is November. It is November. And if surplus still carries the same meaning,

Published 07 Nov, 2017 06:42am

Oil and Gas

Petroleum sales the same

Petroleum consumption in the country is at never-been-there-before level as automobile sales break records, and developm

Published 06 Nov, 2017 07:29am

Oil and Gas

PPL: improving margins

After a staggering increase in earnings for FY17 (by almost double) with a good fourth quarter, Pakistan Petroleum Limit

Published 30 Oct, 2017 06:30am

Oil and Gas

OGDCL in 1QFY18

It continues to be double ‘P’ for Oil and Gas Development Company Limited (PSX: OGDCL) in 1QFY18: The E&P firm’s ear

Updated 27 Oct, 2017 11:30am

Oil and Gas

PSO primed to fuel?

FY17 was a year of focus on retail fuels for the OMC segment, and the theme will continue in 2018, so it seems. Pakistan

Published 24 Oct, 2017 05:34am

Oil and Gas

APL - focus on retail

Attock Petroleum Limited's (PSX: APL) has become quite focused in its strategy. The oil marketing company has been conce

Updated 20 Oct, 2017 02:30pm

Oil and Gas

Oil bets are on

Placing bets on oil must be the toughest thing out there in the betting world. Not so long ago, were the likes of JP Mor

Published 18 Oct, 2017 06:14am

Oil and Gas

Petroleum consumption unabated

It’s time to take note of rising fuel consumption in the country. According to OCAC data, the petroleum product sales by

Updated 07 Oct, 2017 09:02am

Oil and Gas

E&P sector back into action?

Is lower for longer era for the crude oil prices over yet? Crude oil is showing strength as it inches close to $60 per b

Published 04 Oct, 2017 05:54am

Oil and Gas

PPL – back with a bang!

It’s turning out true that 2017 will be a better year for the oil and gas exploration and production sector. Pakistan Pe

Published 18 Sep, 2017 07:02am

Oil and Gas

The bitter-sweet truth about POL

A first look at the earnings of Pakistan Oilfields Limited (PSX: POL) is pleasant; the exploration and production compan

Published 12 Sep, 2017 06:55am

Oil and Gas

APL - rising volumes

Attock Petroleum Limited’s (PSX: APL) financial performance in FY17 has been upbeat largely on account of higher revenue

Updated 12 Sep, 2017 07:25am

Oil and Gas

Thriving retail fuel growth

The oil marketing companies have seen some sturdy growth in volumes in recent times, particularly in the volumes of reta

Published 11 Sep, 2017 07:26am

Oil and Gas

Hascol on the roll

Hascol Petroleum Limited stock has been on an upward trajectory, beating the stock market index and its peer oil marketi

Published 07 Sep, 2017 06:45am

Oil and Gas

Oil after Harvey and North Korea

Russia likes stable oil prices. Especially when they are above $50 a barrel. Still over six months away from the origina

Published 05 Sep, 2017 06:12am

Oil and Gas

Need for strategic reserves?

Hurricane Harvey has hit hard the heart of the US energy industry – the impact of which is likely to reverberate across

Published 30 Aug, 2017 05:23am

Oil and Gas

Tackling energy governance

It has been no secret that at the root of most problems in the state machinery of Pakistan is a redundant and inefficien

Published 17 Aug, 2017 06:48am

Oil and Gas

Shell Pakistan 1HCY17

Shell Pakistan Limited (PSX: SPL) announced its 1HCY17 financial performance yesterday along with Rs7 per share dividend

Published 17 Aug, 2017 06:46am

Oil and Gas

Of OMC margins and dealer commission

Recall that the Economic Coordination Committee (ECC) had taken decision to raise OMC and dealer margins on both retail

Published 16 Aug, 2017 06:41am

Oil and Gas

PSO: a sturdy performance in FY17

Pakistan State Oil (PSX: PSO) was among the leaders on the stock exchange yesterday as it hit the upper price limit with

Published 09 Aug, 2017 06:11am

Oil and Gas

Domestic E&P sector growth

Despite contained sector profitability, there is one vivid and positive trend in the domestic oil and gas exploration an

Published 08 Aug, 2017 05:32am

Oil and Gas

OMC sales sturdy

Volumes sold by the oil marketing companies in FY17 hit 25.59 million tons – the highest on record – depicting a growth

Updated 04 Aug, 2017 10:44am

Oil and Gas

Oil prices on recovery?

Global crude oil prices are set for their first monthly recovery in 2017 as monthly average prices cross the psychologic

Published 31 Jul, 2017 05:23am

Oil and Gas

MPCL in FY17

Quickly gaining the status of favoured stocks in the oil and gas exploration and production industry, Mari Petroleum Com

Published 28 Jul, 2017 05:36am

Oil and Gas

A flight for diesel?

Unlike petrol, diesel consumption and sales have not been staggering, but the retail fuel has seen reasonable growth

Published 20 Jul, 2017 05:41am

Oil and Gas

Oil slide continues

Saudi Arabia is considering cutting oil exports by another 1 million barrels a day. Look at the oil price movement f

Updated 20 Jul, 2017 10:57am

Oil and Gas

E&P needs investment and attention

On the very day when the SBP released the FDI data for FY17 which shows a continuation of marked drop in E&P sec

Published 19 Jul, 2017 04:30am

Oil and Gas

Tweaking the power mix

There is an ever increasing trend of countries across the globe embarking on ambitious plans to increase the share o

Published 12 Jul, 2017 04:12am

Oil and Gas

Oil keeps tanking

Just when oil after having entered the bear market last month, revived a few places, it got shot once again last wee

Published 11 Jul, 2017 04:45am

Oil and Gas

FY17- solid year for petroleum products

Petroleum sales for FY17 stood at a little over 25.5 million tons, an increase of nine percent year-on-year – a historic

Updated 06 Jul, 2017 12:05pm

Oil and Gas

Fuel price dynamics

To the pleasure of the consumers, the government has decreased the petrol prices for July 2017 by Rs1.5 per litre as

Published 05 Jul, 2017 05:05am

Oil and Gas

Oil gloom deepens

Oil has hit a 10-month low. The year-to-date decline has extended beyond 20 percent - the worst performance in over

Published 23 Jun, 2017 04:40am

Oil and Gas

Oil and gas consumption in key sectors

Deriving most of its energy requirements from oil and gas, Pakistan’s dependence on these hydrocarbons has been grow

Updated 22 Jun, 2017 06:05pm

Oil and Gas

Gwadar-Nawabshah Pipeline: US-Saudi nexus

It seems the latest casualty for Pakistan amidst the diplomatic tensions in the Middle East has been the Gwadar-Nawa

Updated 07 Aug, 2017 10:37am

Oil and Gas

Byco aiming big

Byco might just be getting ready to become the country’s largest fuel maker. While local print media seems oblivious, By

Published 19 Jun, 2017 05:25am

Oil and Gas

Oil and gold: down and up, or up and down

A little uncertainty in the global economy and commodity prices go haywire. The diplomatic rift between Saudi Arabia

Published 12 Jun, 2017 05:22am

Oil and Gas

Downstream volumes – pumped up

Summers herald increased petroleum consumption; the rising trend in petroleum consumption has been witnessed again a

Published 09 Jun, 2017 04:03am

Oil and Gas

Oil prices: out of OPEC hands

The Organization of the Petroleum Exporting Countries (OPEC) last week decided upon the highly anticipated production cu

Published 31 May, 2017 06:12am

Oil and Gas

Opec promises “whatever it takes”

It was only as recent as last month when the oil prices had gone down to pre-Opec deal levels, nearly wiping off the

Published 23 May, 2017 04:47am

Oil and Gas

Oil price: Bears take over

Last time around when an OPEC meeting was due back in November 2016, oil prices had soared considerably, even before

Updated 09 May, 2017 04:29am

Oil and Gas

Oil sales remain optimistic

Petroleum sales in the country have been robust in the last couple of years as oil prices glided down. The increase

Published 05 May, 2017 05:43am

Oil and Gas

HASCOL on the growth trajectory

Amid improved earnings by the oil marketing companies, Hascol Petroleum Limited (PSX: HASCOL) still stands out. The

Published 02 May, 2017 04:33am

Oil and Gas

PPL 9MFY17: up on prices

From E&P firms to the downstream players, oil and gas sector has witnessed an up tick in earnings this latest qu

Published 28 Apr, 2017 06:27am

Oil and Gas

PSO better in 9MFY17

Pakistan State Oilâ€™s (PSX: PSO) earnings have been robust in 9MFY17. The OMC announced its financial performance for t

Published 25 Apr, 2017 06:30am

Oil and Gas

OGDCL - better days

Profits of the E&P sector and the oil marketing sector have started to recuperate; the latest quarter has seen some

Published 24 Apr, 2017 06:55am

Oil and Gas

Shell Pakistan shines in 1QCY17

Shell Pakistan Limited (PSX: SPL) took a leap in earnings for 1QCY17 with profit after tax shooting up by over 60 times.

Published 21 Apr, 2017 04:15am

Oil and Gas

PRL in 9MFY17

Pakistan Refinery Limited (PSX: PRL) depicted a better financial performance in 9MFY17 in the announcement made on P

Published 19 Apr, 2017 04:59am

Oil and Gas

POL 9MFY17: Change of times

1HFY17 was a period of turnaround in volumes and prices for the oil and gas exploration and production companies in the

Published 18 Apr, 2017 03:57am

Oil and Gas

APL in rising profits

Attock Petroleum Limited (PSX: APL) announced its financial performance for 9MFY17 yesterday, and the oil marketing comp

Published 18 Apr, 2017 03:49am

Oil and Gas

Political pedal on the gas

General elections are fast approaching, and you do not have to look at your calendars for that. A look at the newspa

Published 17 Apr, 2017 04:32am

Oil and Gas

Hascol rally still storming

Hascol Petroleum Limitedâ€™s share price still got fuel! The stock has been scooting up, beating its peer OMCs and t

Published 14 Apr, 2017 05:15am

Oil and Gas

Bulls take over oil price

Shale revolution, economic triggers and fundamentals have largely been driving international oil prices since two years.

Updated 12 Apr, 2017 06:25am

Oil and Gas

Petroleum sales in 9MFY17

Retail fuel segment has been a key growth driver of volumes sold by the oil marketing companies (OMCs). In FY17, thi

Published 10 Apr, 2017 06:00am

Oil and Gas

State of gas industry

Lack of information and delay in information have long been a hallmark of Pakistanâ€™s energy authorities, be it the rel

Updated 28 Mar, 2017 10:56am

Oil and Gas

MPCL: Progressing or simply overvalued?

Mari Petroleum Company Limited, an oil and gas exploration and production firm has been under the limelight for reas

Updated 30 Mar, 2017 12:03pm

Oil and Gas

Good luck oil and gas!

E&P firms in the country have been fidgety when it comes to earnings after the oil price crash. The E&P firm

Published 27 Mar, 2017 06:52am

Oil and Gas

PPL 1HFY17

The sluggish performance of the upstream oil and gas industry has been a global phenomenon due to the extended impact of

Updated 22 Mar, 2017 09:03am

Oil and Gas

Shale rise dampens oil outlook

Following the Opec deal which was later joined by non-Opec members, few had expected the international oil market to eliminate the long persistent global supply glut overnight.

Published 20 Mar, 2017 05:57am

Oil and Gas

Power data: Detrimental delays

The provision of timely dissemination of data and reports is a practice that is much desired for industry assessment by market analysts and policymakers alike.

Published 15 Mar, 2017 05:42am

Oil and Gas

Shell Pakistan - standing strong

It has been a good year for Shell Pakistan Limited (PSX: SPL) as profits have surged by over seven times in CY16 versus CY15.

Published 13 Mar, 2017 05:38am

Oil and Gas

Oil retracing back

The post-OPEC agreement honeymoon period for oil seems to be over as the price of crude futures retreats below $50.

Published 13 Mar, 2017 05:37am

Oil and Gas

OMC volumes: Up they remain

Petroleum product sales by the oil marketing sector remain upbeat in 8MFY17; volumes sold by the OMCs in 8MFY17 were over their five and ten-year compound annual growth rates.

Published 03 Mar, 2017 05:01am

Oil and Gas

PPL 1QFY17

Pakistan Petroleum Limited (PSX: PPL) held its Annual General Meeting yesterday where the shareholders approved 35 percent cash dividend for FY16.

Published 01 Mar, 2017 06:38am

Currency	Rate
USD PKR Interbank Selling / Jun 8	278.60
USD PKR Interbank Buying / Jun 8	278.40
USD to Japanese Yen / Jun 8	160.18
USD to Swiss Franc / Jun 8	0.80
Pound Sterling to USD / Jun 8	1.33
Euro to USD / Jun 8	1.15
SOFR % / Jun 8	3.62

Stock	Volume
S&P 500 / Jun 8	7,405.73
India Sensex / Jun 8	73,524.26
Tokyo Nikkei / Jun 8	64,024.60
Nasdaq / Jun 8	25,929.66
Hang Seng / Jun 8	24,657.06
FTSE 100 / Jun 8	10,373.20
Dow Jones / Jun 8	50,786.01
Germany DAX 30 / Jun 8	24,616.22
France CAC40 / Jun 8	8,199.29

Item	Value
Crude Oil USD/Barrel / Jun 8	91.34
Gold 10 Grams PKR / Jun 8	386,987
Gold Spot USD/Ounce / Jun 8	4,326.41
Cotton US¢/pound / Jun 8	77.61
Petrol/Litre / Jun 9	377.78
Diesel/Litre / Jun 9	380.78

Stock	Price
First Fid. Leasing / Jun 8 First Fidelity Leasing Modaraba(FFLM)	8.76 ▲ 1 (12.89%)
Gulistan Sp. / Jun 8 Gulistan Spinning Mills Limited(GUSM)	9.03 ▲ 1 (12.45%)
TPL Properties / Jun 8 TPL Properties Limited(TPLP)	10.33 ▲ 1 (10.72%)
Pak. P.V.C. / Jun 8 Pakistan PVC Limited(PPVC)	19.53 ▲ 1.78 (10.03%)
Cresent Jute / Jun 8 Crescent Jute Products Limited(CJPL)	14.73 ▲ 1.34 (10.01%)
D.S. Ind. Ltd. / Jun 8 D.S. Industries Limited(DSIL)	12.31 ▲ 1.12 (10.01%)
Oilboy Energy / Jun 8 Oilboy Energy Limited(OBOY)	16.82 ▲ 1.53 (10.01%)
Quantum Data Tech. / Jun 8 Quantum Data Technologies Limited(QTECH)	33.95 ▲ 3.09 (10.01%)
Nagina Cot. / Jun 8 Nagina Cotton Mills Limited(NAGC)	77.94 ▲ 7.09 (10.01%)
Shams Textile / Jun 8 Shams Textile Mills Limited(STML)	41.99 ▲ 3.82 (10.01%)

Stock	Price
Dawood Lawrencepur / Jun 8 Dawood Lawrencepur Limited(DLL)	60.49 ▼ -564.34 (-90.32%)
Azgard Nine (Non-Voti) / Jun 8 Azgard Nine (Non-Voti)(ANLNV)	7.42 ▼ -0.98 (-11.67%)
Ruby Textile / Jun 8 Ruby Textile Mills Limited(RUBY)	18.49 ▼ -2.05 (-9.98%)
Aisha Steel(ConPS) / Jun 8 Aisha Steel(ConPS)(ASLPS)	28.85 ▼ -3.15 (-9.84%)
Elahi Cotton / Jun 8 Elahi Cotton Mills Limited(ELCM)	176.66 ▼ -19.18 (-9.79%)
Javedan Corp.(Pref) / Jun 8 Javedan Corp.(Pref)(JVDCPS)	68.40 ▼ -7.27 (-9.61%)
Ideal Spinning / Jun 8 Ideal Spinning Mills Limited(IDSM)	77.65 ▼ -8.17 (-9.52%)
Power Cem(Pref) / Jun 8 Power Cement (Pref)(POWERPS)	25.57 ▼ -2.46 (-8.78%)
F.Credit & Inv / Jun 8 First Credit and Investment Bank Limited(FCIBL)	37 ▼ -3.49 (-8.62%)
Tri-Star Mutual / Jun 8 Tri-Star Mutual Fund Limited(TSMF)	17.48 ▼ -1.64 (-8.58%)

Stock	Volume
TPL Properties / Jun 8 TPL Properties Limited(TPLP)	60,567,709 ▲ 1
TPL Corp Ltd / Jun 8 TPL Corp Limited(TPL)	42,410,725 ▲ 0.74
Pace (Pak) Ltd. / Jun 8 Pace (Pakistan) Limited(PACE)	26,156,618 ▼ -0.07
Waves Home Appliances / Jun 8 Waves Home Appliances Limited(WAVESAPP)	24,010,462 ▲ 0.06
Thatta Cement / Jun 8 Thatta Cement Company Limited(THCCL)	22,234,491 ▲ 3.04
Beco Steel Ltd / Jun 8 Beco Steel Limited(BECO)	20,895,260 ▼ -0.26
WorldCall Telecom / Jun 8 Worldcall Telecom Limited(WTL)	20,707,751 ▼ -0.01
Pak Qatar Family / Jun 8 Pak Qatar Family Takaful Limited(PAKQATAR)	20,529,844 ▲ 0.58
D.S. Ind. Ltd. / Jun 8 D.S. Industries Limited(DSIL)	20,239,775 ▲ 1.12
Pak Qatar Gen.Takaful / Jun 8 Pak Qatar General Takaful Limited(PQGTL)	19,782,746 ▲ 1.67